The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.

The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.

Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.

HSBC was named as top trade finance bank in Vietnam and on global scale, according to the 2018 Euromoney Trade Finance Survey.

Credit card holders are not allowed to withdraw cash worth more than VND30 million for foreign currency per day.

Many banks have decided to set up more branches and transaction offices right in early days of the year to seize new business opportunities.

Standard Chartered has transferred its entire 154 million stakes, or 15% capital in Vietnamese Asia Commercial Bank (ACB) to other investors, bringing a 12-year strategic alliance between the two parties to an end.

French international banking group BNP Paribas sold its entire 74 million shares holding in the local Orient Commercial Bank (OCB), or 18.86% capital, ending a 10-year strategic alliance between the two banks.

The banking sector has committed to the Prime Minister for an additional reduction of 0.5% in lending rates as of January 9. As such, Vietcombank is the first bank realizing this commitment.

The foreign exchange reserves reached the all-time high of US$ 53 billion, an increase of US$ 8 billion compared to the last December.

In 2017, the State Bank of Vietnam (SBV) has implemented the monetary policy flexibly as part of the effort taking the GDP growth rate to a 10 year high of 6.81%. In 2018, the loan growth is expected to be maintained at 17%.

The target for Vietnam’s stock market capitalization by 2020 is 70% of GDP. However, the Ministry of Finance informed that Vietnam’s stock market has achieved this target in 2017.

​2017 is considered as a successful year for the stock market with VN-Index increased over 40% to nearly 1,000 points. This is one of the main reasons for banks to go public.

Vietnam`s Ministry of Finace put it in the latest proposal on tax amendment.

This was the statement from the Minster of Finance Dinh Tien Dung on the first trading session of the stock market in January 1.

According to the Hanoi Taxation Department, Hanoi aims to collect 218.27 trillion VND (9.6 billion USD) for the State budget in 2018, a rise of 20 percent against the previous year.

Vietnam’s foreign currency reserves are at an all-time high of approximate US$52 billion thanks to the country’s stable macroeconomic conditions and strong influx of exports, foreign direct investment (FDI) and remittance, according to State Bank of Vietnam (SBV)’s Governor Le Minh Hung.

Mid to long-term credit growth is in the declining trend after strong growth in period 2013 – 2016.

The insurance market has maintained a high growth rate of 21.2 per cent in 2017, gaining a total revenue of VND105.61 trillion (US$4.65 billion), said Pham Thu Phuong, deputy director of the Ministry of Finance’s Insurance Supervisory Authority (ISA), said.

The current development and future business strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector next time.

The rapid advancement of information & technology has formed digital banking – a new trend for future retail banking. On one hand, this has brought new opportunities, but also put commercial banks under pressure to have appropriate policies and solutions.

Vietnam’s foreign currency reserves are expected to reach US$47.5 - 48 billion by the end of this year thanks to the country’s stable macroeconomic conditions and strong influx.

​According to State bank of Vietnam (SBV), in the past 10 years, famous global retailers such as Circle K, Shop & Go, Family Mart coming to Vietnam and the rapid growth of domestic retailers such as Vinmart, Coopmart, The Gioi Di Dong, have been favorable conditions for the booming of consumer credit in Vietnam.